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MTS Announces Receipt of notice of deficiency with Nasdaq Continued Listing Requirement


MTS Announces Receipt of notice of deficiency with Nasdaq Continued Listing Requirement
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RA ANANA, Israel, May 24, 2021 /PRNewswire/  
 Mer Telemanagement Solutions Ltd. (MTS) (Nasdaq Capital Market: MTSL), a global provider of telecommunications expense management (TEM), call accounting and contact center software, announced that it received today a letter from the Listing Qualifications staff of The Nasdaq Stock Market ( Nasdaq ) notifying the Company that it is no longer in compliance with the minimum stockholders equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires listed companies to maintain stockholders equity of at least $2,500,000. Further, the Company did not meet the alternative compliance standards relating to the market value of listed securities or net income from continuing operations, as set forth in Nasdaq Marketplace Rule 5550(b)(1). In accordance with N ....

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